The economy of Jamaica expanded 2.2 percent year-on-year in Q2 2018, higher than the 1.4 percent expansion for the previous quarter. It was the fastest growth in seven quarters, mainly nudged by: agriculture (+12.5 percent vs +0.6 percent) and mining (31.6 percent vs 26.0 percent). Also, food & beverages rebounded 2.5 percent following an 1.8 percent contraction in Q1, while construction gained steam (+2.9 percent vs 1.1 percent). In contrast, manufacturing activity eased (+0.2 percent compared to +0.6 percent) most services categories advanced at softer rates and below the rest of the economy, namely internal trade (0.6 percent compared to 0.5 percent). On a quarterly basis, the GDP grew 1.6 percent, rebounding from a 0.4 percent contraction in the previous three months. GDP Annual Growth Rate in Jamaica averaged 0.52 percent from 1997 until 2018, reaching an all time high of 4.30 percent in the fourth quarter of 2006 and a record low of -4.60 percent in the second quarter of 2009.

GDP Annual Growth Rate in Jamaica is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Jamaica to stand at 1.90 in 12 months time. In the long-term, the Jamaica GDP Annual Growth Rate is projected to trend around 2.30 percent in 2020, according to our econometric models.

Jamaica GDP Annual Growth Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2017-12-29 10:00 PM GDP Growth Rate YoY 0.8% -0.1% 1.2%
2018-03-29 08:30 PM GDP Growth Rate YoY 1.1% 0.8% 1.5%
2018-07-06 11:00 PM GDP Growth Rate YoY 1.4% 1.2% 1.7%
2018-09-28 11:15 PM GDP Growth Rate YoY 2.2% 1.4% 1.7%
2018-12-28 06:00 PM GDP Growth Rate YoY 2.2% 2.0%
2019-03-29 08:30 PM GDP Growth Rate YoY 2.10%
2019-07-05 11:00 PM GDP Growth Rate YoY 2%


Jamaica GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.60 -0.40 2.60 -2.50 percent [+]
GDP Annual Growth Rate 2.20 1.40 4.30 -4.60 percent [+]
GDP 14.77 14.06 14.80 0.70 USD Billion [+]
GDP per capita 4798.21 4790.04 5368.25 3466.48 USD [+]
GDP per capita PPP 8193.60 8179.60 8680.90 7285.70 USD [+]
GDP Constant Prices 194373.00 192117.00 194373.00 163584.00 USD Million [+]
GDP From Agriculture 15655.00 13928.00 15745.00 7631.00 USD Million [+]
GDP From Construction 12766.00 14568.00 18118.00 11454.00 USD Million [+]
GDP From Manufacturing 15932.00 16471.00 23548.00 14664.00 USD Million [+]
GDP From Mining 5023.00 4856.00 8526.00 3161.00 USD Million [+]
GDP From Public Administration 24379.00 22801.00 25935.00 22427.00 USD Million [+]
GDP From Services 33174.00 33319.00 36733.00 30200.00 USD Million [+]
GDP From Transport 21872.00 20599.00 23461.00 13697.00 USD Million [+]
GDP From Utilities 6269.00 6018.00 6618.00 4158.00 USD Million [+]


Jamaica GDP Annual Growth Rate

Jamaica, is a small island nation situated in a strategic position near the Panama Canal, and one of the slowest growing economy in the Caribbean. Services, with tourism employing 10 percent of the population, is the most important sector of the economy and accounts for around 60 percent of GDP. This page provides - Jamaica GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 1.40 4.30 -4.60 1997 - 2018 percent Quarterly
NSA




Country Last Previous
India 7.10 Sep/18
China 6.50 Sep/18
Indonesia 5.17 Sep/18
United States 3.00 Sep/18
Australia 2.80 Sep/18
Mexico 2.50 Sep/18
Spain 2.50 Sep/18
Netherlands 2.40 Sep/18
Switzerland 2.40 Sep/18
Singapore 2.20 Sep/18
South Korea 2.00 Sep/18
Canada 1.90 Jun/18
Saudi Arabia 1.61 Jun/18
Euro Area 1.60 Sep/18
Turkey 1.60 Sep/18
Russia 1.50 Sep/18
United Kingdom 1.50 Sep/18
France 1.40 Sep/18
Brazil 1.30 Sep/18
Germany 1.10 Sep/18
South Africa 1.10 Sep/18
Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -4.20 Jun/18


Related

Latest